WebMorton and Set-off. Corporations Act 2001 (the “Act”). Pursuant to section 553C of the Act, subject to there being no knowledge of the company’s insolvency on the part of the party seeking to rely on the section, where there have been mutual credits, mutual debts or other mutual dealings between an insolvent company that is being wound up ... WebToday, the High Court of Australia has confirmed statutory set off under section 553C of the Corporations Act 2001 (Cth) is not available against a… Liked by Nasreen Jahan Hamilton Locke Partner Matt Baumgurtel and lawyer Megan Chau spoke at Impact LIVE’s webinar “Legislating Australia's Wind Future” in partnership with…
Set it off! The West Australian Court of Appeal breathes new life …
Web14 Feb 2024 · The High Court has confirmed that a creditor of an insolvent company cannot rely on the right of set-off under section 553C of the Corporations Act 2001 (Cth) (the Act) in response to an unfair preference claim under section 588FA of the Act. This decision is significant because it is binding law and will likely have broader application to other … Web23 Dec 2024 · Go to Deal. We were waiting for a long time for Athena's offset account. Finally it happened and glad they offer $0 fee. I believe most of other banks charge $10 for this service, this is a deal. Unlike other lenders, our offset has $0 ongoing fees, $0 annual fees, $0 transaction fees. With the same low rates! croft home
Set-off rights miss the mark! - Johnson Winter Slattery
Web12 Sep 2024 · The most common issue that arises in adjudicating on claims is set-off, either under the construction contract, equitable set-off or section 553C of the Act. Complicated … Websection 553C of the Corporations Act constitutes a code that regulates set-off between an insolvent company and a counterparty seeking to have a debt or claim admitted against … Web25 Feb 2024 · Section 553C of the Corporations Act provides for a setting off of mutual credits and debts between a company in liquidation and a person with a debt or claim … croft homes in the sun